Technical Views - Equities 11th July 2011
NIFTY
TREND : For the day the support is at 5610 and resistance at 5705. We expect the market to give both side opportunities. No major moves for today
TREND : For the day the support is at 5610 and resistance at 5705. We expect the market to give both side opportunities. No major moves for today
SIGNAL : Use Buy and sell signals of TDI BS
BANKNIFTY
TREND : For the last 5 days we have maintained a bearish view and sold BankNifty on every Sell signal. We made money on 2 days and rest 3 days since there was no sell signal we were not short and did not loose any money. Today we would like to change our view.
In the last 5 days BankNifty 11285 - 11490 range. This range is bound to be breached today or tomorrow. Trade the breakout and inside this range avoid trades.
BANKNIFTY
TREND : For the last 5 days we have maintained a bearish view and sold BankNifty on every Sell signal. We made money on 2 days and rest 3 days since there was no sell signal we were not short and did not loose any money. Today we would like to change our view.
In the last 5 days BankNifty 11285 - 11490 range. This range is bound to be breached today or tomorrow. Trade the breakout and inside this range avoid trades.
SIGNAL : Trade the breakout only
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SPECIAL NOTES
WHAT IS A BUY OR SELL SIGNAL WHICH WE KEEP MENTIONING IN OUR DAILY TECHNICAL VIEWS ?
We at TDI have created a proprietary logic based on technical analysis which generates buy and sell signals on Intraday charts. We call this logic as TDI BS aka TOPDATAINDIA BUY AND SELL. So when i say "Go Long only on Buy Signals we mean to say, When on an intraday chart a Buy signal appears based on TDI BS. We should take a long position in the scrip/future/commodity we have mentioned.
Why am i giving this reason today after a couple of months. I received lot of calls/chat messages mentioning that my GTL call went wrong. That's the time i realized that i have given views but haven't made an effort to educate people on the trading style which i follow. Infact i got a negative remark on my yesterday's heading GO LONG ON BUY SIGNALS ONLY.
Thus i will be covering this portion in all my blogs so that new readers are not mistaken and make losses in a scrip while at the same time we never entered a trade in the same.
Happy Trading, please email me on info@topdataindia.com incase u have the slightest doubts. Your feedback will and can make this blog really useful. And also if you like it please ask your friends to join too.
Please Like US on Facebook
Please follow us on twitter @topdataindia
For a free demo of our TDI BS signals and other products please contact 9717555433 /466
SPECIAL NOTES
WHAT IS A BUY OR SELL SIGNAL WHICH WE KEEP MENTIONING IN OUR DAILY TECHNICAL VIEWS ?
We at TDI have created a proprietary logic based on technical analysis which generates buy and sell signals on Intraday charts. We call this logic as TDI BS aka TOPDATAINDIA BUY AND SELL. So when i say "Go Long only on Buy Signals we mean to say, When on an intraday chart a Buy signal appears based on TDI BS. We should take a long position in the scrip/future/commodity we have mentioned.
Why am i giving this reason today after a couple of months. I received lot of calls/chat messages mentioning that my GTL call went wrong. That's the time i realized that i have given views but haven't made an effort to educate people on the trading style which i follow. Infact i got a negative remark on my yesterday's heading GO LONG ON BUY SIGNALS ONLY.
Thus i will be covering this portion in all my blogs so that new readers are not mistaken and make losses in a scrip while at the same time we never entered a trade in the same.
Happy Trading, please email me on info@topdataindia.com incase u have the slightest doubts. Your feedback will and can make this blog really useful. And also if you like it please ask your friends to join too.
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